Reuters - Video

Edition: US | UK | IN | CN | JP

video Video

Bernanke steps into the spotlight
Bernanke steps into the spotlight - 02:13
The official royal wedding guest list revealed
The official royal wedding guest list revealed - 01:23
Shuttle astronauts arrive at Cape Canaveral
Shuttle astronauts arrive at Cape Canaveral - 01:18
Waiting for Bernanke
Waiting for Bernanke - 01:51
Hospital staff flee border fighting
Hospital staff flee border fighting - 01:10
Thousands at Sai Baba funeral
Thousands at Sai Baba funeral - 01:03
Al Qaeda releases hostage messages
Al Qaeda releases hostage messages - 01:43
Obama calls birth controversy \
Obama calls birth controversy "distracting" - 05:29
Three blasts hit Kirkuk
Three blasts hit Kirkuk - 01:25
Protests intensify in Yemen
Protests intensify in Yemen - 01:24
Border clashes displace thousands
Border clashes displace thousands - 01:50
S&P Credit Rating Warning Helpful - Lister
S&P Credit Rating Warning Helpful - Lister - 00:53

Stocks rally after FBI lifts cloud over Clinton

Monday, November 07, 2016 - 01:47

Stocks and the dollar post their biggest gains in weeks after the FBI says it stands by its earlier recommendation that no criminal charges are warranted against Democrat Hillary Clinton. Sonia Legg reports.

▲ Hide Transcript

▶ View Transcript

Relief at last for markets. Stocks and the dollar posted their biggest gains in weeks after the FBI said no criminal charges were warranted against Hillary Clinton. The news lifted a cloud over the Democrat's presidential campaign two days before the U.S. election. And put Wall Street firmly on track to snap a nine-day losing streak - its longest in more than 35 years. But the bounce back in Asia and Europe was modest. (SOUNDBITE) (English) INDEPENDENT MARKET ANALYST, JEREMY BATSTONE-CARR, SAYING: "That must imply that some investors still believe that there is residual risk that Donald Trump could still win the U.S. election based on the view held by many Trump supporters that Congress is: a) aloof and b) potentially corrupt. So I don't think we are completely out of the woods yet despite the FBI decision," The biggest winner was the Mexican peso - which rose 2 percent. It acts as a bellwether of sentiment as Trump's proposed polices are considered deeply negative for the country. In contrast, gold, which rose every day last week, saw a 1.3 percent drop - its biggest fall in over a month. It all meant investors could shift sentiment back to U.S. economic fundamentals. (SOUNDBITE) (English) INDEPENDENT MARKET ANALYST, JEREMY BATSTONE-CARR, SAYING: "It appears that whether Donald Trump or Hillary Clinton wins the election, the Federal Reserve seems to be on course to raise U.S. interest rates again in December. Now that's an important decision of course and the markets are as mindful of that as anything." They also remember being caught out before. The shock of June's unexpected Brexit vote is still fresh in many minds.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

Stocks rally after FBI lifts cloud over Clinton

Monday, November 07, 2016 - 01:47

Featured Videos

Ocean clean-up ship fuelled by plastic pollution

Ocean clean-up ship fuelled by plastic pollution

Plans have been revealed for a self-powering ship that will remove plastic pollution from the sea, processing it into fuel as it goes
Ivorian wins first African freestyle football champs

Ivorian wins first African freestyle football champs

A freestyle footballer from Ivory Coast wins the first African championships, held in Nigeria
Che Guevara poster artist on revolutionary times

Che Guevara poster artist on revolutionary times

Fifty years after creating the Che Guevara poster that still adorns student bedrooms around the world, Irish artist Jim Fitzpatrick is delighted at its ubiquity, but concerned at its exploitation for commercial gain
Netfix and HBO tie for total wins at the Emmys

Netfix and HBO tie for total wins at the Emmys

It was a night of upsets for the highest honours in television and a triumph for streaming services, as Netflix drew with HBO for first place at the awards show
BMW shows off self-driving motorcycle

BMW shows off self-driving motorcycle

BMW has released video of its first self-driving motorbike, an autonomous version of its R1200GS motorcycle